AIRPORT CITY, Israel,
Sept. 7, 2021 /PRNewswire/ -- MySize,
Inc (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE: MYSZ), the
developer and creator of smartphone measurement solutions, today
announced its Sizing Trends feature for eCommerce retailers
who implement the MySize solution on their sites and apps. The
Sizing Trends feature provides unparalleled visibility into shifts
in sizing among their brand's customers and across the industry,
giving retailers the opportunity to adjust their size charts to
best fit their customers' needs.
![My Size Logo My Size Logo](https://mma.prnewswire.com/media/689689/MySize_Logo.jpg)
Sizing Trends leverages anonymized, aggregated data from over
100 million customer measurements, along with a brand's customer
specific sizing data to alert eCommerce retailers of trends towards
particular shapes, fits, and sizes. The critical visibility into
real-world shifts in customer sizing allows brands to readjust
their size charts and product tables to provide the ideal fit for
customers' changing measurements. As up to 70 percent of online
apparel returns are blamed on poor fit, Sizing Trends provides
another tool in eCommerce retailers' arsenals to preemptively
convert costly returns into a boost in sales.
MySizeID empowers retailers to make smarter, AI-backed business
decisions, thanks to the rich array of AI-driven actionable
insights it provides clients, including user behavior and
conversion rates. The sizing solution utilizes retailers' size
charts, product tables, GTIN, descriptions, and other relevant
details, alongside MySize's patented algorithms, to provide online
shoppers with a highly accurate size recommendation. The
easy-to-use, plug-and-play widget is seamlessly integrated into
eCommerce brands' sites, enhancing customers' online shopping
experience and boosting their engagement levels and confidence in
the brand.
A trusted partner of leading brands including Levi's, Speedo,
and Boyish Jeans, as well as e-commerce platforms including
Shopify, WooCommerce, Bitrix, LightSpeed and more, MySizeID has
been proven to reduce returns by as much as 50%, and increase
average order value by as much as 30%.
"People's bodies are constantly in flux, but that doesn't mean
that they should be doomed to a life of ill-fitting garments.
Factors as varied as more time at home during the pandemic and the
changing of the seasons can affect our body shapes and
measurements. Retailers have a responsibility and an interest in
paying attention to trends in customer measurements, so that they
can reexamine sizing charts in order to provide the best possible
fit for customers," said Ronen Luzon, CEO of MySize.
"By leveraging data points from our 100 million sizing
recommendations, we can provide retailers with the tools they need
to gauge whether or not their sizing is the most accurate for their
audiences. Not only does size adjustment mean that customers are
far more likely to order their correct size, preventing expensive
returns and boosting retailers' bottom lines, it leaves customers
with positive feelings towards the retailers, and more importantly,
themselves."
About MySize Inc:
My Size, Inc. (TASE: MYSZ, NASDAQ: MYSZ) has developed a unique
measurement technology based on sophisticated algorithms and
cutting-edge technology with broad applications, including the
apparel, e-commerce, DIY, shipping, and parcel delivery industries.
This proprietary measurement technology is driven by several
algorithms that are able to calculate and record measurements in a
variety of novel ways. To learn more about My Size, please visit
our website: www.mysizeid.com. We routinely post information that
may be important to investors in the Investor Relations section of
our website. Follow us on Facebook, LinkedIn, Instagram, and
Twitter.
Please click here for a demonstration of how MySizeID
provides a full sizing solution for the retail industry.
Register here for a free plan of MySizeID solution for your
online store.
Please click here to download MySizeID for iOS.
Please click here to download MySizeID for Android.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains certain forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
identified by the use of the words "could," "believe,"
"anticipate," "intend," "estimate," "expect," "may," "continue,"
"predict," "potential," "project" and similar expressions that are
intended to identify forward-looking statements. All
forward-looking statements speak only as of the date of this press
release. You should not place undue reliance on these
forward-looking statements. Although we believe that our plans,
objectives, expectations and intentions reflected in or suggested
by the forward-looking statements are reasonable, we can give no
assurance that these plans, objectives, expectations or intentions
will be achieved. Forward-looking statements involve significant
risks and uncertainties (some of which are beyond our control) and
assumptions that could cause actual results to differ materially
from historical experience and present expectations or projections.
Actual results to differ materially from those in the
forward-looking statements and the trading price for our common
stock may fluctuate significantly. Forward-looking statements also
are affected by the risk factors described in the Company's filings
with the U.S. Securities and Exchange Commission. Except as
required by law, we undertake no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which
the statements are made or to reflect the occurrence of
unanticipated events.
U.S. Press Contact:
Strauss Communications
joel@strausscomms.com
www.strausscomms.com
IR Contact:
Or Kles, CFO
ir@mysizeid.com
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SOURCE My Size Inc.